Technical analysis for September 2021

02.09.2021 EURUSD The euro/US dollar currency pair is ready to update the current maximum of 1.1860. Further, we expect a correction to the level of 1.1793. Then consider the continuation of the growth wave by 1.1910. After this level is worked out, we expect the correction to begin by 1.1793. The formation of a wide range of consolidation around the level of 1.1793 is practically considered. GBPUSD The pound-to-US dollar currency pair broke up 1.3750. Almost the market at the moment trades around it in the consolidation range. We expect its expansion to 1.3820. After that, consider the probability of correction to level 1.3750 (test from above). Then it is possible to continue the growth structure by 1.3900. After the development of this level, we expect the development of the structure of the decrease to 1.3750. USDRUB The US dollar to the Russian ruble currency pair continues to develop the fifth wave of decline to the level of 72.10. In September, we are considering the development of the decline structure by 72.35. After this level is worked out, the correction link to 73.33 (test from below) is not excluded. Then – decrease to level 72.10. Next, we expect the beginning of a wave of growth by 73.50. USDJPY The US dollar to Japanese yen currency pair is trading in the first wave of decline to 108.05. At the moment, the market forms a wide range of consolidation around 110.00. The main scenario for this tool is to extend the range to 108.05. The goal is the first. After its development, consider the beginning of correction by 110.00 (test from below). Then – a decrease to the level of 106.20. BRENT Oil worked out correction to level 65.05. Now the market continues to develop another wave of growth by 76.00. Then the correction link to level 70.20 is not excluded. Next – growth by 79.15. The target is local. The development of the growth structure to the level of 83.50 is practically considered. The goal in the next wave of growth is the first. GOLD Gold broke 1794.00 up and formed a consolidation range around it. This week, the market broke it up at most. The potential of continuing the wave of growth to 1900.00 is practically open. After it is worked out expect the correction link to 1794.00 (test from above). Then – continue the upward trend. The target is specified after the next breakdown of the level 1900.00. S 4750.0. All growth structures are considered only as an alternative with an upward trend. At any time, the market can “break down” to 4000.0 (at least). Back to a spiskuvnimaniye! Forecasts of financial markets are the private opinion of their authors. The current analysis is not a guide to trade. RoboForex is not responsible for the results of the work that may arise when using the trading recommendations from the submitted reviews.

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